NOT LISTED FOR SALE
1 Bed
2 Baths
10,112 Sq Ft
6,499 Sq Ft Lot

Sale Details

Date Sold: June 16, 2015

Last sale price $1,925,000 $190 Per Sq Ft

9 Days on Market

About This Home

As of June 2015

Vintage late 20's building in the heart of Hollywood. The building is fully-secured front and back, and features an "interior hallway walk up" layout as well as character typical of this vintage - arched doorways, Spanish tile accents, stained glass etc. COPPER PLUMBED TOO! With much of Hollywood being revitalized, this asset could prove to be a ground-floor opportunity for a savvy investor.

Centrally-located . . . close to retail, dining, and the 1010 Freeway, right off the intersection of Santa Monica and Vine. As well as many hospitality, entertainment, and small-business job opportunities, nearby, for the tenancy.

Last Agent to Sell the Property

Brice W. Head, MBA

Re/Max Commercial & Investment License #01330706 Listed on: 04/21/2015

Last Buyer's Agent

Brice W. Head, MBA

Re/Max Commercial & Investment License #01330706 Listed on: 04/21/2015

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1928

Lot Details

  • 6,499 Sq Ft Lot
  • Two or More Common Walls

Home Design

  • 10,112 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Bathrooms

Listing and Financial Details

  • Tax Lot 6
  • Tax Tract Number 6
  • Assessor Parcel Number 5534022014

Community Details

Overview

  • 16 Units

Building Details

  • Rent Control
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $5,000
  • Insurance Expense $3,300
  • Maintenance Expense $6,302
  • Professional Management Expense $12,300
  • Trash Expense $5,000
  • Water Sewer Expense $5,000
  • New Taxes Expense $27,358
  • Gross Income $13,129
  • Net Operating Income $78,513

Property Details

Home Type

Multi-Family

Year Built

Built in 1928

Lot Details

6,499 Sq Ft Lot

Listing Details

  • CapRate: 3.42
  • Professional Management Expense: 12300.00
  • Property Attached: Yes
  • Road Surface Type: Maintained
  • Water Sewer Expenses: 5000.00
  • Property Type: Residential Income
  • Parcel Number: 5534022014
  • Year Built: 1928
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Three Or More

Exterior Features

  • Pool Private: No

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 5000.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs

Lot Info

  • Lot Size Sq Ft: 6499.00
  • Price Per Lot Square Foot: 296.20
  • Lot Size Acres: 0.1490

Multi Family

  • Electric Expense: 5000.00
  • Gross Income: 13129.00
  • Gross Multiplier: 14.59
  • Gross Scheduled Income: 157548.00
  • Insurance Expense: 3300.00
  • Lot Size Area: 6499.0000 Square Feet
  • Maintenance Expense: 6302.00
  • Net Operating Income: 78513.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 16
  • Operating Expense: 74309.00
  • Rent Control: Yes

Tax Info

  • New Taxes Expense: 27358.00
  • Tax Lot: 6
  • Tax Tract Number: 6
  • Tax Year: 2014

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,925,000 First American Title Ins Co
Evans Joanne O -- First American Title Ins Co
Vonhanneken Dietrich -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,900,000
Closed Lanewood Palace Llc $1,225,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/16/2015 06/16/15 Sold $1,925,000 -16.3% $190 / Sq Ft
04/30/2015 04/30/15 Pending -- -- --
04/21/2015 04/21/15 For Sale $2,299,000 -- $227 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $29,163 $2,359,822 $1,348,471 $1,011,351
2025 $29,163 $2,313,552 $1,322,031 $991,521
2024 $28,761 $2,268,189 $1,296,109 $972,080
2023 $28,225 $2,223,716 $1,270,696 $953,020
2022 $26,952 $2,180,115 $1,245,781 $934,334
2021 $26,582 $2,137,368 $1,221,354 $916,014
2019 $25,809 $2,076,365 $1,185,129 $891,236
2018 $25,678 $2,035,700 $1,161,892 $873,808
2016 $24,455 $1,954,356 $1,116,775 $837,581
2015 $30,605 $2,470,000 $1,000,000 $1,470,000
2014 -- $190,356 $48,774 $141,582
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB15085405

California Regional Multiple Listing Service (CRMLS)
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